Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Neuberger Buys Into a Silicon Valley PE Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 27, 2019

Neuberger Buys Into a Silicon Valley PE

News summary by MFWire's editors

An employee-owned asset manager with $304 billion in AUM is investing in a 12-year-old, technology-focused private equity firm in Silicon Valley.

Michael Rees
Dyal Partners/font>
Managing Director
Yesterday Michael Rees, head of Dyal Capital Partners confirmed that the New York City-based firm has bought a passive, non-voting, minority stake in Palo Alto, California-based HGGC. Dyal specializes in taking minority stakes in alternative asset managers and is itself a subsidiary of New York City-based asset manager Neuberger Berman [profile].

Evercore advised HGGC on the deal, while Kirkland & Ellis provided legal counsel. Pricing and terms of the deal were not disclosed.

"HGGC has very quickly become a premier middle market investment firm through its 'Advantaged Investing' model that creates true partnerships with founder-owners, management teams and sponsors," Rees states, lauding HGGC's "differentiated approach, the strong and growing team, and the firm's demonstrated commitment through being one of the largest investors across its own funds."

Rich Lawson — chairman, CEO, and co-founder of HGGC — highlights Dygal's "stellar reputation for investing in best-in-class firms." Steve Young, president and co-founder of HGGC, adds that the team looks forwards "to putting this capital to work" in its portfolio.

HGGC has $4.3 billion in cumulative capital commitments, and it has completed more than 120 deals with nearly $20 billion since its launch in 2007.

Dyal, launched in 2011, has completed 40 deals across three funds with about $14.5 billion in AUM, as of November 30, 2018. All of Neuberger had $304 billion in AUM as of December 31. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  2. FinReg Outlook 2021, March 10
  3. Irish Funds North American Digital Seminar, March 11
  4. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  5. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  6. Women for Impact - A Call to Action, March 16
  7. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  8. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use